PROPOSED AGENDA Bermuda Run Town Council Meeting Tuesday, April 11, 2023 6:00PM Bermuda Run Town Hall Mission: "The Town of Bermuda. Run exists to provide core public services that enhance the quality oflife fori its residents and an environment. for the business  BER  community to thrive".  1. Callt to Order 2. Pledge of Allegiance 3. Moment of Silence  "Iti is the intent oft the Town Council to solemnize the proceedings oft this meeting and the business brought before the governing board, to offer the opportunity) forar reflective moment ofs silence."  4. Town of Bermuda Run Code of Ethics Statement-Town, Attorney Brian Williams  5. Adoption of the Agenda Motion:  Second:  InF Favor:  Opposed:  6. Approval of the March 14, 2023, Town Council Meeting Minutes  Motion: 7. Citizens' Comments 8. Proposed Action Items  Second:  In Favor:  Opposed:  A. Updates to the Town of Bermuda Run Comprehensive Plan  The Town Council will receive public comment on the draft 2023 update to the Town ofE Bermuda  Run Comprehensive Plan.  > I Mayor Opens the Public Hearing Mayor Closes the Public Hearing  The Town Council may act on the Resolution of Adoption for the Comprehensive Plan Update  Motion:  Second:  In Favor:  Opposed:  B. Budget Amendment BA: 2022-23-02  Budget Amendment-General Fund Acceptance from Bermuda Run Community Vision Fund The Town Manager recommends the 2022-2023 General Fund Budget be amended to accept $800 from the Davie County Community Foundation as revenue and expend $800 for expenses related  toi the "2022 Christmas in the Town of Bermuda Run".  Motion:  Second:  In Favor:  Opposed:    - Proposed 2022-2023 Town Audit Contracts  Eddie Carrick, CPAI has provided a proposed contract for Town audit services for the year ending June 30, 2023. The audit fee is proposed at $7,500 and Fee per Major Program of $2,000. Ap proposed contract for Tourism Development Authority audit services fort they year ending. June 30, 2023, foraf fee of $1,500 remains unchanged from the previous fiscal year. The Town Manager requests Contract for audit services be approved.  Motion:.  Second:  In Favor:  Opposed:  9. Town Manager Report/Comments a. Monthly Account Detail Report 10. Council, / Mayor Comments  11. Adjourn Motion:  Second:  In Favor:  Opposed:    Town of Bermuda Run Town Council Meeting Minutes March 14, 2023 - 6:00 PM  The Town Council of] Bermuda Run held its scheduled meeting on Tuesday, March 14, 2023 at Council Members Present: Mayor Rick Cross, Mike Brannon, Curtis Capps, Heather Coleman,  6:00 PM. The meeting was held at the Bermuda Run' Town Hall.  Mike Ernst and Melinda Szeliga  Council Members Absent: Also Present: Call to Order Pledge of Allegiance Moment of Silence  Andrew Meadwell, Town Manager; Cindy Poe, Town Clerk; and Brian  Williams, Town Attorney  Mayor Rick Cross called the meeting to order.  Itis the intent of the Town Council to solemnize the proceedings of this meeting and the business brought before the governing board, to offer the opportunity) for a reflective moment ofsilence. Town of Bermuda Run Code ofEthics Statement - Town Attorney Brian Williams  Adoption of the Agenda  Council. Member Heather Coleman made ai motion to approve the agenda. Council Member. Mike Ernst seconded the motion. The motion was approved by a vote offive (5) infavor and none opposed.  Approval oft the February 14,2023Town Council Meeting Minutes  Council. Member Heather Coleman made a motion to approve the February 14, 2023 meeting minutes. Council. Member Melinda Szeliga seconded the motion. The motion was approved by a vote offive (5) Citizens' Comments - Brian Cesoro of 157N. Field Drive inl Kinderton Village who spoke last month regarding a concern about illegal dumping at the end of Parkview Drive thanked the Town Manager for  infavor and none opposed.  his actions ini resolving the issue.  Presentation - Jason Epley, Benchmark Planning  Mr. Epley gave an overview oft the updates to the DRAFT Comprehensive Plan. The purpose ofthis presentation was to: make the document available for public review. Aj printed copy willl be made available at' Town Hall and an electronic version will be posed on the town's website. The document, Council Member. Heather Coleman made ai motion to hold aj public hearing at the April 11, 2023 Council Meeting to adopt the update to the Comprehensive. Plan. Council Member Mike Brannon seconded the motion. The motion was approved by a vote offive (5) inj favor and none opposed.  along with a "public comment" section is found at www.Plan4BR.com.    Proposed Action Item:  A. ARPA Funds Grant Project Ordinance 2023-01  Purpose is toj provide flexibility for use ofi funds - money goes to the General Fund. Council Member Curtis Capps made ai motion to approve the ARPA. Funds Grant Project Ordinance as presented. Council. Member Heather Coleman seconded the motion. The motion was  approved by a vote offive (5) inj favor and none opposed.  Town Manager Comments-  NCDOT projects - Strategic Transportation Improvement Program that will provide long-term  benefits for Eastern Davie and the Town of] Bermuda Run  Blue Heron Trail Update  Council Comments - All Council Members shared their appreciation for the work that has gone into the Comprehensive Plan update, adding that it's a roadmap that residents have told the Town that they want. Town Staff was thanked for all oftheir work. Everyone in attendance was encouraged to visit  the www.plan4br.com website and to share this information with their neighbors.  Mayor Comments  March is "Women's History Month"  Appreciates work done by ALL: regarding the Comprehensive Plan.  Meetings with Kyle Bridges, Senator Budd's office and other government officials serving on behalf of Planning Board Meetings have new start time beginning 3/15/23 -1 moving from 3 pm to 61 pm. Hyper-Reach has been shared on our website/social media (Davie County Emergency Notification)  the community.  Thanked everyone in attendance.  (Note - Council Member Heather Coleman left the meeting early)  Adjourn  With noj further business to discuss, Council Member Mike Ernst made ai motion to adjourn. Council Member Melinda Szeliga seconded the motion. The motion was approved by a vote offour (4) infavor  and none opposed. Approved  Respectfully Submitted  Rick Cross, Mayor  Cindy Poe, Town Clerk    (ITEM 8A)  BERMUD  TO: FROM: Date: RE:  Town Council Town Staff April 111,2023  Comprehensive Plan Review  In. January of 2022, the Town of Bermuda Run embarked on the process of updating the Comprehensive Plan, which is revisited every five years. The update was initiated to take inventory ofa accomplishments, The Comprehensive Plan update includes a vision statement that takes into account existing conditions, public input, and aspirational foresight. The vision statement is accompanied by four goals including Character & Identity, Economic Development, Land Use, and Infrastructure & Services. In ordert to achieve the goals, a set of eight objectives are established. Each objective is accompanied by strategies for implementation. Each of those strategies relates back to one or more of the four goals. The planning process to update the Comprehensive Plani included four phases as follows: Phase One Background Information Update and Mapping (January - March 2022) Phase Three Preparation oft the Comprehensive Plan Update (July- - December 2022)  evaluate changes, and take advantage of new opportunities.  Phase Two - Vision and Public Input (March -J July 2022) Phase Four Adoption Process (January- -A April2 2023) Planning Board completes review ofDraft Distribution ofl Draft to Town Council-15 review Discuss initial Council review comments Discuss outstanding Council review comments. Public Presentation of] Draft Public Review and comment ofDraft Town Council discuss outstanding comments Public Hearing and Adoption  December 2022 January 14th, 2023 February 2,2023 February 28, 2023 March 14, 2023 March 14-April 11,2023 March 28, 2023 April 11,2023  Initial Council Review Comments Due to' Town Manager January 27,2 2023    DERMUD,  R2023-01  RESOLUTION OF ADOPTION TOWN OF BERMUDA RUN, NORTH CAROLINA COMPREHENSIVE PLAN UPDATE  WHEREAS, it is the intent oft the Town Council to maintain and amend this Comprehensive Plan as the official statement of Town Council policy concerning the future development of the Town of Bermuda WHEREAS, the Town Council desires to update its long-range plans for the future of the Town of WHEREAS, the Bermuda Run Town Council appointed the Town Planning Board to serve as the steering WHEREAS, the Town of Bermuda Run Planning Board, in conjunction with the planning consultant, created a project website, produced a background information report, conducted a public input survey, held a community workshop, and developed and reviewed a final draft of the Town of Bermuda Run WHEREAS, the Town of Bermuda Run Planning Board unanimously recommended adoption of the WHEREAS, the Town Council held aj public hearing to receive additional public comment on1 the plan on WHEREAS, the Bermuda Run 2023 Comprehensive Plan includes the vision and framework for NOW, THEREFORE, BEI ITRESOLVED that the Town of Bermuda Run Town Council hereby adopts  Run; and, Bermuda Run; and  committee to prepare an update to the' Town's Comprehensive Plan; and,  Comprehensive Plan Update; and,  Comprehensive Plan Update to the Town Council; and,  April11,2023; and,  implementation of the community's goals; and  the Town of Bermuda Run Comprehensive Plan, on the day of  2023.  BY:  ATTEST:    (ITEM 18E B)  1201 Kinderton Boulevard, Suite 100 . Bermuda Run, NC 27006 (336)998-0906-F Fax (336)998-7209- y www.townofbr.com  BERMUL  To: From: CC: Date: Re:  Town Council  Andrew Meadwell, Town Manager Dora Robertson, Finance Director  April 11, 2023  Budget Amendment-Receipt of $800.001 from DCF  Included for your review:  Letter from Davie Community Foundation Expenses for "Christmas in Bermuda Run" event  Overview:  The Town of Bermuda Run has received a grant from the Davie Community Foundation in the amount of $800.00. These funds were provided from funds within the Bermuda Run Community The Bermuda Run Community Vision Fund Committee requested the funds to offset initial costs of planning and implementing the "Christmas in the Town of Bermuda Run" event on Sunday December 4, 2022. The 2022-2023 adopted Town Budget did not include this revenue and Irecommend the Town Council take action to amendi the current 2022-2023 General Fund Budget tor receive $800.00 from the Davie Community Foundation as revenue and subsequent $800.00in expenditures for expenses related to the "Christmas in the Town of Bermuda Run" event,  Vision Fund.  subsequent expenditures.  coordinated by the Bermuda Run Community Vision Fund Committee.    TOWN OFI BERMUDA, RUNI BUDGET, AMENDMENT: REQUEST Ar requestt to amend the 2022-2023' Town ofl Bermuda Run General) Fund is hereby submitted to the  2022-2023) Fiscal Year Bermuda! Run' Town Council as follows:  REVENUE AMENDMENT REQUEST  ACCOUNTTITLE Davie Community Foundation: Projects TOTALI REVENUE. INCREASE (DECREASE) Reason for revenue amendment: Davie Community! Foundation Grant for Christmas Event EXPENSE. AMENDMENT) REQUEST  ACCOUNTNUMBER REVENUE INCREASE  ASAMENDED  (DECREASE) $800 $800  10-40-00-104  ACCOUNTTITLE Davie Communtiy. Foundation Expenses TOTALI EXPENSE: INCREASE (DECREASE) Reason fore expense amendment:  ACCOUNTNUMBER REVENUE INCREASE  ASAMENDED  (DECREASE) ($800) $800  10-50-00-952  Receipt of$ $800 from Davie Communtiy Foundation for Christmas in Bermuda Run) Expenses  APPROVED:  Bermudal Run" Town Council InN Meetingo of Rick Cross Mayor Cindy G.I Poe Town Clerk  Reviewed by Financel Director Dora Robertson    Davie Communty Foundation' Investing in ourf future NOW!  P.O. Box! 546 107N.S Salisbury! Street Mocksville, North Carolina 27028  March 1, 2023  Mr. Andrew Meadwell Town of Bermuda Run 120 Kinderton Blvd Ste 100 Bermuda Run, NC 27006 Dear Andrew,  Board ofDirectors Davin Brown Angela Carter : Phillip E. Fuller, Jr. Krysta Gary Jennifer R. Hanes Kristen Hill J.Gregory Matthews, Attorney at] Law, PA Dr. Paul Mighion Mike Morton Brian P. Nicolay Alice Sineath, CPA Jane Simpson Johnsie Strand  On the advice of the Bermuda Run Community Vison Fund committee, the Davie Community Foundation has awarded the Town of Bermuda Run an $800.00 grant with funds provided by the Bermuda Run Community Vison Fund, a donor advised fund of the Davie Community Foundation. Although your organization has exclusive legal control over its use, please note that the fund advisor's preferred designation is as follows: Volunteer /Sponsor  Reception Gifts  Please note: the advisor listed above, or related parties, may not receive any Your organization should not provide a tax receipt for this check since this grant was made from a donor-advised fund, however we do encourage you to reach out to Town of Bermuda Run with a note of appreciation at thet following address:  benefit from this grant.  Town of Bermuda Run 120 Kinderton Blvd Ste 100 Bermuda Run, 27006.  Ifyou have any questions, please call me at 336-753-6903.  Thank you for all your efforts to make communities better places in which to live.  Best regards, leboa Otoran Melissa O'Connor Senior Program Officer  /D -B0-00-104  Enclosure  N  (336,753-6903-Faxi (336) myehdsansnrNT    (ITEM8C)  BERMUD  TO: FROM: Date: RE:  Town Council Town Staff April11,2023  Contract for Auditing Services  North Carolina General Statute 159-34 requires each unit of local government and public authority to have its accounts audited each fiscal year and to submit a copy of the audit report to the Secretary of the Local Government Commission (LGC) as soon as possible after the close  oft the fiscal year. Please find the following:  Audit Engagement Letter Audit Contract    EDDIE CARRICK, CPA, PC Certified Public. Accountant  March 1, 2023 Dear Municipal Client,  Enclosed are two important documents pertaining to your. June 30, 2023 audit -1 the audit engagement letter and audit contract. The Local Government Commission (LGC) is requiring us to submit both simultaneously for their review and approval. The following arei instructions to ensure acceptance by the  LGC.  1. Engagement Letter  Please read and sign by appropriate official-i i.e., Mayoror Finance Officer plus Board member.  2.Audit Contract  Mayor or Chairperson must. type or print name and title, e-mail address, sign and date contract int the "Governmental Unit"s section on page 8. Also, enter the "Date Primary Government Unit Finance Officer must type or print name, sign, date and enter e-mail address in the "Pre-Audit.  Governing Board Approved Audit Contract."  Certficate'section on page 8. *** NOTE*** page 5, note 28.  :  Starting with audit year June 30, 2021, "the auditor shall present the audited financial statements including any compliance reports to. the governments unit's governing body or audit committee in an official meeting in open session as soon as the audited statements. are available but not later than 45 After all of the above instructions are complete, please return both documents to us for submission to -  days after the submission of the audit report to the Secretary."  the LGC.  Please don't hesitate to call me with any questions you may have.  Thank you,  EhCA - cit  Eddie Carrick CPA, PC Member ofthe American. Institute ofCertified, Public, Accountants  151 Young Drive, Lexington, NC27292 336-249-2545, Fax: 336-249-4745    EDDIE CARRICK, CPA, PC Certified Public. Accountant  March 1, 2023 To the Honorable Mayor and Town Council Town of Bermuda Run Bermuda Run, North Carolina year ended June 30, 2023. Audit Scope and Objectives  We are pleased to confirm our understanding of the services we are to provide for Town of Bermuda Run for the We will audit, where applicable, the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information, including the disclosures, which collectively comprise the basic financial statements, of Town of Bermuda Run as of and for the year ended June 30, 2023. Accounting standards generally accepted in the United States of America (GAAP) provide for certain required supplementary information (RSI), such as managements discussion and analysis (MD&A), to supplement Town of Bermuda Run's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to Town of Bermuda Run's RSI in accordance with auditing standards generally accepted in the United States of America (GAAS). These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with managements responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient appropriate evidence to express an opinion or provide any assurance. The following RSI is required by GAAP and will be subjected to certain limited  procedures, but will not be audited: 1) Management's Discussion and Analysis.  2) Other Post-Employment Benefits Schedules (if applicable).  We have also been engaged to report on supplementary information other than RSI that accompanies Town of Bermuda Run's financial statements. We will subject the following supplementary information to the auditing procedures applied in our audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with GAAS, and we will provide an opinion on it in relation to the financial statements as a whole in a report  combined with our auditor's report on the financial statements. 1) Individual fund statements and schedules 2) Schedule of expenditures of federal awards (if applicable). 3) Law Enforcement Officers' Separation Allowance Report (if applicable).  In connection with our audit of the basic financial statements, we will read the following other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists; we are required to describe it The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and issue an auditor's report that includes our opinions about whether your financial statements are fairly presented, in all material respects, in conformity with GAAP, and report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood  in our report. 1)N/A  Member oft the American. Institute ofCertified. Public Accountants  151 Young Drive, Lexington, NC27292 336-249-2545, Fax: 336-249-4745    that, individually or in the aggregate, they would influence the judgment of a reasonable user made based on the  financial statements.  The objectives also include reporting on (ifa applicable): accordance with Government. Auditing Standards.  Internal control over financial reporting and compliance with provisions of laws, regulations, contracts, and award agreements, noncompliance with which could have a material effect on the financial statements in Internal control over compliance related to major programs and an opinion (or disclaimer of opinion) on compliance with federal statutes, regulations, and the terms and conditions off federal awards that could have a direct and material effect on each major program in accordance with the Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Auditor's Responsibilities for the Audit of the Financial Statements and Single Audit (if applicable) We will conduct our audit in accordance with GAAS; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act Amendments of 1996; and the provisions of the Uniform Guidance, and will include tests of accounting records, a determination of major programs in accordance with Uniform Guidance, and other procedures we consider necessary to enable us to express such opinions. As part of an audit in accordance with GAAS and Government Auditing Standards, we We will evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management. We will also evaluate the overall presentation of the financial statements, including the disclosures, and determine whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of waste and abuse is subjective, Government Auditing Standards do not expect auditors to perform specific procedures to detect waste or abuse in financial audits nor do they expect Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is an unavoidable risk that some material misstatements or noncompliance may not be detected by us, even though the audit is properly planned and performed in accordance with GAAS and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements or on major programs. However, we will inform the appropriate level of management of any material errors, any fraudulent financial reporting, or misappropriation of assets that come to our attention. We will also inform the appropriate level of management of any violations of laws or governmental regulations that come to our attention, unless clearly inconsequential. We will include such matters in the reports required for a Single Audit (if applicable). Our responsibility as auditors are limited to the period covered by our audit and does not extend to any later periods for which we are not engaged as auditors. We will also conclude, based on the audit evidence obtained, whether there are conditions or events, considered int the aggregate, that raise substantial doubt about the government's ability to continue as a going concern for a Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories (if applicable), and direct confirmation of receivables and certain assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will also request written representations from your attorneys as part oft the engagement. Wel have identified the following significant risks of material misstatement as part of our audit planning:  Cost Principles, and Audit Requirements for Federal. Awards (Uniform Guidance).  exercise professional judgment and maintain professional skepticism throughout the audit.  auditors to provide reasonable assurance of detecting waste or abuse.  reasonable period of time.  Cash  Support, receivables, and receipts Program service fees, revenue, and receivables Inventories (ifa applicable) Property ande equipment  Expenses for program and supporting services, and accounts payable and other liabilities    Debt and other liabilities Net assets  Our audit of financial statements does not relieve you of your responsibilities.  Audit Procedures-Internal Control  We will obtain an understanding of the government and its environment, including internal control relevant to the audit, sufficient to identify and assess the risks of material misstatement of the financial statements, whether due to error or fraud, and to design and perform audit procedures responsive to those risks and obtain evidence that is sufficient and appropriate to provide a basis for our opinions. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal control. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will bel less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government. Auditing Standards. As required by the Uniform Guidance (if applicable), we will perform tests of controls over compliance to evaluate the efectiveness of the design and operation of controls that we consider relevant to preventing or detecting material noncompliance with compliance requirements applicable to each major federal award program. However, our tests will be less in scope than would be necessary to render an opinion on those controls and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to the Uniform Guidance. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. Accordingly, we will express no such opinion. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards, Government. Auditing Standards, and the Uniform Guidance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of Town of Bermuda Run's compliance with provisions of applicable laws, regulations, contracts, and agreements, including grant agreements. However, the objective of those procedures will not be to provide an opinion on overall compliance, and we will not express such an opinion in our report on The Uniform Guidance (if applicable) requires that we also plan and perform the audit to obtain reasonable assurance about whether the auditee has complied with federal statutes, regulations, and the terms and conditions of federal awards applicable to major programs. Our procedures will consist of tests of transactions and other applicable procedures described in the OMB Compliance Supplement for the types of compliance requirements that could have a direct and material effect on each of Town of Bermuda Run's major programs. For federal programs that are included in the Compliance Supplement, our compliance and internal control procedures will relate to the compliance requirements that the Compliance Supplement identifies as being subject to audit. The purpose of these procedures will be to express an opinion on Town of Bermuda Run's compliance with requirements applicable to each of its major, programs in our report on compliance issued pursuant to the  (ifa applicable).  Audit rocectures-Complance  compliance issued pursuant to Government. Auditing Standards.  Uniform Guidance. Other Services  Fora audits subject to Yellow Book, we will not provide any nonattest services.  For audit not subject to Yellow Book, we will also assist in preparing the financial statements and related notes of Town of Bermuda Run in conformity with accounting principles generally accepted in the United States of America based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. We will perform the services in accordance with applicable professional standards. The other services are limited to the financial statements and related notes services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming You agree to assume all management responsibilities for the financial statements and related notes, and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter  management responsibilities.    our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, with suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; Responsibilities of Management for the Financial Statements and Single Audit (if applicable) Our audit will be conducted on the basis that you acknowledge and understand your responsibility for (1) designing, implementing, establishing, and maintaining effective internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, including internal controls over federal awards, and for evaluating and monitoring ongoing activities to help ensure that appropriate goals and objectives are met; (2) following laws and regulations; (3) ensuring that there is reasonable assurance that government programs are administered in compliance with compliance requirements; and (4) ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles; for the preparation and fair presentation of the financial statements, schedule of expenditures of federal awards, and all accompanying: information in conformity with accounting principles generally accepted in the United States of America; and for compliance with applicable laws and regulations (including federal statutes), rules, and the provisions of contracts and grant agreements (including award agreements). Your responsibilities also include identifying significant contractor relationships in which the contractor has responsibility for program You are also responsible for making drafts of financial statements, schedule of expenditures oft federal awards, all financial records, and related information available to us and for the accuracy and completeness of that information (including information from outside of the general and subsidiary ledgers). You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, identification of all related parties and all related-party relationships and transactions, and other matters; (2) access to personnel, accounts, books, records, supporting documentation, and other information as needed to perform an audit under the Uniform Guidance; (3) additional information that we may request for the purpose of the audit; and (4) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence. At the conclusion of our audit, we will require certain written representations from you about the financial statements; schedule of expenditures of federal awards; federal award programs; compliance with laws, regulations, contracts, Your responsibilities include adjusting the financial statements to correct material misstatements and confirming to us ini the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants. You are also responsible for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts, and grant agreements that we report. Additionally, as required by the Uniform Guidance (if applicable), it is management's responsibility to evaluate and monitor noncompliance with federal statutes, regulations, and the terms and conditions of federal awards; take prompt action when instances of noncompliance are identified including noncompliance identified in audit findings; promptly follow up and take corrective action on reported audit findings; and prepare a summary schedule of prior audit findings and a separate corrective action plan. The summary schedule of prior audit findings should be available for our review on the first of audit field You are responsible for identifying all federal awards received and understanding and complying with the compliance requirements and for the preparation of the schedule of expenditures of federal awards (including notes and noncash assistance received, and COVID-19-related concepts, such as lost revenues, if applicable) in conformity with the Uniform Guidance (if applicable). You agree to include our report on the schedule of  and accept responsibility for them.  compliance and for the accuracy and completeness oft that information.  and grant agreements; and related matters.  int the aggregate, to the financial statements of each opinion unit taken as a whole.  work.    expenditures of federal awards in any document that contains, and indicates that we have reported on, the schedule of expenditures of federal awards. You also agree to include the audited financial statements with any presentation of the schedule of expenditures of federal awards that includes our report thereon no later than the date the schedule of expenditures of federal awards is issued with our report thereon. Your responsibilities include acknowledging to us in the written representation letter that (1) you are responsible for presentation oft the schedule of expenditures of federal awards in accordance with the Uniform Guidance; (2) you believe the schedule of expenditures of federal awards, including its form and content, is stated fairly in accordance with the Uniform Guidance; (3) the methods of measurement or presentation have not changed from those used in the prior period (or, if they have changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or interpretations underlying the measurement or presentation of the schedule of You are also responsible for the preparation of the other supplementary information, which we have been engaged to report on, in conformity with U.S. generally accepted accounting principles (GAAP). You agree to include our report on the supplementary information in any document that contains, and indicates that we have reported on, the supplementary information. You also agree to include the audited financial statements with any presentation of the supplementary information that includes our report thereon no later than the date the supplementary information is issued with our report thereon. Your responsibilities include acknowledging to us in the written representation letter that (1) you are responsible for presentation of the supplementary information in accordance with GAAP; (2) you believe the supplementary information, including its form and content, is fairly presented in accordance with GAAP; (3) the methods of measurement or presentation have not changed from those used in the prior period (or, if they have changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or interpretations underlying the measurement or presentation of the Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits, or other studies related to the objectives discussed in the Audit Scope and Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations. resulting from those audits, attestation engagements, performance audits, or studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions for the report, and We understand that your employees will prepare all cash, accounts receivable, or other confirmations we request At the conclusion of the engagement (if applicable), we will complete the appropriate sections of the Data Collection Form that summarizes our audit findings. It is management's responsibility to electronically submit the reporting package (including financial statements, schedule of expenditures of federal awards, summary schedule of prior audit findings, auditor's reports, and corrective action plan) along with the Data Collection Form to the federal audit clearinghouse. We will coordinate with you the electronic submission and certification. The Data Collection Form and the reporting package must be submitted within the earlier of 30 calendar days after receipt We will provide copies of our reports to the Bermuda Run; however, management is responsible for distribution of the reports and the financial statements. Unless restricted by law or regulation, or containing privileged and The audit documentation for this engagement is the property of Eddie Carrick" CPA, PC and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to the oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review oft the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Eddie Carrick CPA, PC personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies The audit documentation for this engagement willl be retained for a minimum of five years after the report release date or for any additional period requested by the oversight agency. If we are aware that a federal awarding  expenditures off federal awards.  supplementary information.  for the timing and format for providing that information. Engagement Administration, Fees, and Other and will locate any documents selected by us fort testing.  of the auditor's reports or nine months after the end of the audit period.  confidential information, copies of our reports are to be made available for public inspection.  ori information contained therein to others, including other governmental agencies.    agency, pass-through entity, or auditee is contesting an audit finding, we will contact the party contesting the audit Eddie Carrick is the engagement partner and is responsible for supervising the engagement and signing the reports or authorizing another individual tos sign them. We expect to begin our audit after July 1, 2023. My fee for these services will be at our agreed upon fee per our LGC contract less any amounts paid directly to Tony Brewer CPA, PC for financial statement preparation and other non-attest services. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. In accordance with our firm policies, work may be suspended if your account becomes 90 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report(s). You will be obligated to compensate us for all time expended and to reimburse us for all out-of- pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the engagement. If significant additional time is necessary, we willl keep you informed of any problems we encounter and our fees will We will issue written reports upon completion of our Single Audit (if applicable). Our reports will be addressed to the Council of the Town of Bermuda Run. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinions, add a separate section, or add an emphasis-ol-matter or other- matter paragraph to our auditor's report, or if necessary, withdraw from this engagement. If our opinions are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express opinions or issue reports, The Government Auditing Standards report (if applicable) on internal control over financial reporting and on compliance and other matters will state that (1) the purpose of the report is solely to describe the scope of testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance, and (2) the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. The Uniform Guidance report (if applicable) on internal control over compliance will state that the purpose of the report on internal control over compliance is solely to describe the scope of testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Both We appreciate the opportunity to be of service to the Town of Bermuda Run and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. Ify you agree with the terms of our engagement as described in this letter, please sign the attached copy and return itt to us.  finding for guidance prior to destroying the audit documentation.  be adjusted accordingly. Reporting  or we may withdraw from this engagement.  reports (if applicable) will state that the report is not suitable for any other purpose.  Very truly yours,  CCl.CrR Eddie Carrick CPA, PC Management signature: Title: Date: Governance signature: Title: Date:  RESPONSE: This letter correctly sets forth the understanding of Town of Bermuda Run.    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev.11/2022  The Governing Board Town Council of Primary Government Unit Town ofl Bermuda Run  and Discretely Presented Component Unit (DPCU) (ifa applicable)  N/A  Primary Government Unit, together with DPCU (ifapplicable), hereinafter. referred to as Governmental Unit(s)  and Auditor Name Eddie Carrick, CPA,PC Auditor Address  151 Young Drive, Lexington, NC: 27292 Hereinafter. referred to as Auditor  for Fiscal Year Ending 06/30/23  Date Audit Willl Be Submitted" tol LGC Must be withint four months OfFYE  10/31/23  hereby agree as follows:  1. The Auditor shall audit all statements and disclosures required by U.S. generally accepted auditing standards (GAAS) and additional required legal statements and disclosures of all funds and/or divisions oft the Governmental Unit(s). The non-major combining, and individual fund statements and schedules shall be subjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shall be rendered in relation to (as applicable) the governmental activities, the business- type activities, the aggregate DPCUS, each major governmental and enterprise fund, and the aggregate remaining fund information (non- major government and enterprise funds, the internal service fund type, and the fiduciary fund types). The basic financial statements shall include budgetary comparison information in al budgetary comparison statement, rather than as RSI, for the General Fund and any annually budgeted Special Revenue funds.. 2. At ar minimum, the Auditor shall conduct the audit and render the report in accordance with GAAS. The Auditor shall perform the audit in accordance with Government. Auditing Standards (GAGAS) if the Governmental Unit expended $100,000 or more in combined Federal and State financial assistance during the reporting period. The auditor shall perform a Single Audit ifr required by Title 2 US Code of Federal Regulations Part 200 Uniform. Administration Requirements, Cost Principles, and Audit Requirements for Federal. Awards, Subpart F (Uniform Guidance) or the State Single Audit Implementation Act. This audit and all associated audit documentation may be subject to review by Federal and State agencies in accordance with Federal and State laws, including the staffs of the Office of State. Auditor (OSA) and the Local Government Commission (LGC). If the audit requires at federal single audit in accordance with the Uniform Guidance ($200.501), iti is recommended that the Auditor and Governmental Unit(s). jointly agree, in advance of the execution oft this contract, which parly is responsible for submission of the audit and the accompanying data collection form to the Federal Audit Clearinghouse as required under the Uniform Guidance ($200.512).  Effective for audits of fiscal years beginning after June 30, 2023, the LGC will allow auditors to consider whether aunit qualifies as a State low-risk auditee based upon federal criteria in the Uniform Guidance $200.520(a), and (b) through (e) as it applies to State awards. In addition to the federal criteria in the Uniform Guidance, audits must have been submitted timely to the LGC. Ifi in the reporting year, or in either of the two previous years, the unit reported al Financial Performance Indicator of Concern that the audit was late, then  Page 1    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  the report was not submitted timely for State low-risk auditee status. Please refer to "Discussion of Single Ifthe audit and Auditor communication are found in this review to be substandard, the results of the review may be forwarded to the North Carolina State Board of CPA Examiners (NC State Board). 3. Ifan entity is determined to be a component of another government as defined by the group audit standards, the entity's auditor shall make a good faith effort to comply in ai timely manner with the requests of 4. This contract contemplates an unmodified opinion being rendered. If during the process of conducting the audit, the Auditor determines that it will not be possible to render an unmodified opinion on the financial statements of the unit, the. Auditor shall contact the LGC Staff to discuss the circumstances leading to that conclusion as soon as is practical and before the final report isi issued. The audit shall include such tests of the accounting records and such other auditing procedures as are considered by the Auditor to be necessary in the circumstances. Any limitations or restrictions in scope which would lead to a qualification should bei fully 5. Ift this audit engagement is subject to the standards for audit as defined in Government. Auditing Standards, 2018 revision, issued by the Comptroller General oft the United States, then by accepting this engagement, the Auditor warrants that he/she has met the requirements for a peer review and continuing education as specified in Government Auditing Standards. The Auditor agrees to provide a copy of the most recent peer review report to the Governmental Unit(s) and the Secretary of the LGC prior toi the execution of an audit contract. Subsequent submissions of the report are required only upon report expiration or upon auditor's receipt of an updated peer review report. If the audit firm received a peer review rating other than pass, the Auditor shall not contract with the Governmental Unit(s) without first contacting the Secretary of the LGC for a Ifthe audit engagement is not subject to Government Auditing Standards or if financial statements are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and fail to include all disclosures required by GAAP, the Auditor shall provide an explanation as to why in an attachment to this 6. Iti is agreed that time is of the essence in this contract. All audits are to be performed and the report of audit submitted to LGC Staff within four months of fiscal year end. Ifi it becomes necessary to amend the audit fee or the date that the audit report will be submitted to the LGC, an amended contract along with a written 7. Itis agreed that GAAS include a review of the Governmental Unit's (Units') systems ofi internal control and accounting as same relate to accountability. of funds and adherence to budget and law requirements applicable thereto; that the Auditor shall make a written report, which may or may not be a part oft the written report of audit, to the Governing Board setting forth his/her findings, together with his recommendations for improvement. That written report shall include all matters defined as "significant deficiencies and material weaknesses" in AU-C 265 oft the. AICPA Professional Standards (Clarified). The Auditor shall file a copy of that For GAAS or Govemment Auditing Standards audits, if an auditor issues an. AU-C $260 report, commonly referred to as Governance Letter," LGC staff does not require the report to be submitted unless the auditor cites significant findings or issues from the audit, as defined in AU-C $260.12-.14. This would include issues such as difficulties encountered during the audit, significant or unusual transactions, uncorrected misstatements, matters that are difficult or contentious reviewed with those charged with governance, and other  Audits in North Carolina" on the LGC's website for more information.  the group auditor in accordance with AU-6 $600.41 -S $600.42.  explained in an attachment to this contract.  peer review analysis that may result in additional contractual requirements.  contract or in an amendment.  explanation of the change shall be submitted to the Secretary of the LGC for approval.  report with the Secretary oft the LGC.  significant matters.  Page2    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  8. All local government and public authority contracts for audit or audit-related work require the approval of the Secretary of the LGC. This includes annual or special audits, agreed upon procedures related to internal controls, bookkeeping or other assistance necessary to prepare the Governmental Unit's records for audit, financial statement preparation, any finance-related investigations, or any other audit- related work in the State of North Carolina. Approval is also required for the. Alternative Compliance Examination expenditures as allowed by US Treasury.Approval is not required on audit contracts and invoices for 9. Invoices for services rendered under these contracts shall not be paid by the Governmental Unit(s) until the invoice has been approved by the Secretary oft the LGC. This also includes any progress billings [G.S. 159-34 and 115C-447]. All invoices for audit work shall be submitted in PDF format tot the Secretary oft the LGC for approval. the invoice marked 'approved" with approval date shall be returned to the Auditor to present tot the Governmental Unit(s) for payment. This paragraph is not applicable to contracts for audits 10. In consideration of the satisfactory performance oft the provisions of this contract, the Governmental Unit(s) shall pay to the. Auditor, upon approval by the Secretary of the LGC if required, the fee, which includes any costs the Auditor may incur from work paper or peer reviews or any other quality assurance program required by third parties (federal and state grantor and oversight agencies or other organizations) as required under the Federal and State Single Audit Acts. This does not include fees for any pre-issuance reviews that may be required by the NC Association of CPAS (NCACPA) Peer Review Committee or NC State 11. If the Governmental Unit(s) has/have outstanding revenue bonds, the Auditor shall submit to LGC Staff, either in the notes to the audited financial statements or as a separate report, a calculation demonstrating compliance with the revenue bond rate covenant.. Additionally, the Auditor shall submit to LGC Staff simultaneously with the Governmental Unit's (Units') audited financial statements any other bond compliance statements or additional reports required by the authorizing bond documents, unless otherwise specified in the 12. After completing the audit, the Auditor shall submit to the Governing Board a written report of audit. This report shall include, but not be limited to, the following information: (a) Managements Discussion and Analysis, (b) thei financial statements and notes of the Governmental Unit(s) and all of its component units prepared in accordance with GAAP, (c) supplementary information requested by the Governmental Unit(s) or required for full disclosure under the law, and (d) the. Auditor's opinion on the material presented. The Auditor shall furnish the required number of copies oft the report of audit to the Governing Board uponcompletion. 13. Ift the audit firm is required by the NC State Board, the NCACPA Peer. Review Committee, or the Secretary of the LGC to have a pre-issuance review of its audit work, there shall be a statement in the engagement letter indicating the pre-issuance review requirement. There also shall be a statement that the Governmental Unit(s) shall not be billed for the pre-issuance review. The pre-issuance review shall be performed prior to the completed audit being submitted to LGC Staff. The pre-issuance review report shall accompany the  Engagement: for auditing the Coronavirus State and Local Fiscal Recovery Funds system improvements and similar services of a non-auditing nature.  ofh hospitals.  Board of CPA Examiners (see Item 13).  bond documents.  audit report upon submission to LGC Staff.  Page 3    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  14. The Auditor shall submit the report of audit in PDF format to LGC Staff. For audits of units other than hospitals, the audit report should be submitted when (or prior to) submitting the final invoice for services rendered. The report of audit, as filed with the Secretary oft the LGC, becomes a matter of public record for inspection, review and copy in the offices oft the LGC by any interested parties. Any subsequent revisions to these reports shall be sent to the Secretary oft the LGC. These audited financial statements, excluding the Auditors' opinion, may be used in the preparation of official statements for debt offerings by municipal bond rating services to fulfill secondary market disclosure requirements of the Securities and Exchange Commission and for other lawful purposes oft the Governmental Unit(s) without requiring consent oft the Auditor. If the LGC Staff determines that corrections need to be made to the Governmental Unit's (Units') financial statements and/or the compliance section, those corrections shall be provided within three business days of notification 15. Should circumstances disclosed by the audit call for a more detailed investigation by the Auditor than necessary under ordinary circumstances, the Auditor shall inform the Governing Board in writing of the need for such additional investigation and the additional compensation required therefore. Upon approval by the Secretary oft the LGC, this contract may be modified or amended to include the increased time, compensation, 16. Ifan approved contract needs to be modified or amended for any reason, the change shall be made in writing and pre-audited if the change includes a change in audit fee (pre-audit requirement does not apply to hospitals). This amended contract shall be completed in full, including a written explanation oft the change, signed and dated by all original parties to the contract. It shall then be submitted toi the Secretary of the LGC for approval. No change to the audit contract shall be effective unless approved by the Secretary of the LGC, the 17. Acopy of the engagement letter, issued by the Auditor and signed by both the Auditor and the Governmental Unit(s), shall be attached toi this contract, and except for fees, work, and terms not related to audit services, shall be incorporated by reference as iffully set forth herein as part oft this contract. In case of conflict between the terms oft the engagement letter and thet terms oft this contract, the terms oft this contract shall take precedence. Engagement letter terms that conflict with the contract are deemed to be void unless the conflicting terms of this contract are specifically deleted in Item 30 of this contract. Engagement letters containing 18. Special provisions should be limited. Please list any special provisions in an attachment. 19. A separate contract should not be made for each division to be audited or report to be submitted. Ifa DPCU is subject tot the audit requirements detailed in the Local Government Budget and Fiscal Control Act and as separate audit report is issued, a separate audit contract is required. If a separate report is not to be issued and the DPCU isi included int the primary government audit, the DPCU shall be named along with the primary government ont this audit contract. DPCU Board approval date, signatures from the DPCU Board chairman and 20. The contract shall be executed, pre-audited (pre-audit requirement does not apply to hospitals), and physically signed by all parties including Governmental Unit(s) and the Auditor, then submitted in PDF format to 21. The contract is not valid until it is approved by the Secretary of the LGC. The staff of the LGC shall notify the Governmental Unit and Auditor of contract approval by email. The audit should not be started before the 22. Retention of Client Records: Auditors are subject toi the NC State Board of CPA Examiners' Retention of Client Records Rule 21 NCAC 08N .0305 as it relates to the provision of audit and other attest services, as well as non-attest services. Clients and former clients should bei familiar with the requirements of this rule prior to  unless another deadline is agreed to by LGC Staff.  or both as may be agreed upon by the Governing Board and the Auditor.  Governing Board, and the Auditor.  indemnification clauses shall not be accepted by LGC Staff.  finance officer also shall be included on this contract.  the Secretary of thel LGC. contract is approved.  requesting the return of records.  Page 4    LGC-205  CONTRACT TO AUDIT. ACCOUNTS  Rev. 11/2022  23. This contract may bet terminated at any time by mutual consent and agreement oft the Governmental Unit(s) and the Auditor, provided that (a) the consent to terminate isi in writing and signed by both parties, (b) the parties have agreed on the fee amount which shall be paid to the Auditor (if applicable), and (c) no 24. The Governmental Unit's (Units') failure or forbearance to enforce, or waiver of, any right or an event of breach or default on one occasion or instance shall not constitute the waiver of such right, breach or 25. There are no other agreements between the parties hereto and no other agreements relative hereto that shall be enforceable unless entered into in accordance with the procedure set out herein and approved 26. E-Verify. Auditor shall comply with the requirements of NCGS Chapter 64 Article 2. Further, if Auditor utilizes any subcontractor(s), Auditor shall require such subcontractor(s) to comply with the requirements of 27. Applicable to audits with fiscal year ends of June 30, 2020 and later. For all non-attest services, the Auditor shall adhere toi the independence rules oft the AICPA Professional Code of Conduct and Government. Auditing Standards, 2018 Revision (as applicable). Financial statement preparation assistance shall be deemed a' 'significant threat" requiring the Auditor to apply safeguards sufficient to reduce the threat to an acceptable level. Ift the Auditor cannot reduce the threats to an acceptable level, the Auditor cannot complete the audit. If the Auditor is able to reduce the threats to an acceptable level, the documentation of this determination, including the safeguards applied, must be included in the audit workpapers. All non-attest service(s) being performed by the Auditor that are necessary to perform the audit must be identified and included in this contract. The Governmental Unit shall designate an individual with the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the services and accept responsibility for the results of the services performed. Ift the Auditor is able toi identify an individual with the appropriate SKE, s/he must document and include in the audit workpapers how he/she reached that conclusion. If the Auditor determines that an individual with the appropriate SKE cannot be identified, the Auditor cannot perform both the non-attest service(s) and the audit. See "Fees for Audit Services" page of this contract to disclose the 28.. Applicable to audits with fiscal year ends of June 30, 2021 and later. The auditor shall present the audited financial statements including any compliance reports to the government unit's governing body or audit committee in an official meeting in open session as soon as the audited financial statements are available but not later than 45 days after the submission of the audit report tot the Secretary. The auditor's presentation tot the government unit's governing body or audit committee shall include: a) the description ofe each finding, including all material weaknesses and significant deficiencies, as found by the auditor, and any other issues related to the internal controls or fiscal health of the government unit as disclosed in the management letter, the Single Audit or Yellow Book reports, or any other communications from the auditor regarding internal controls as required by current auditing c) the values of Financial Performance Indicators based on information presented in the audited d) notification to the governing body that the governing body shall develop a "Response to the Auditor's Findings, Recommendations, and Fiscal Matters," if required under 20 NCAC 03 .0508. 29. Information based on the audited financial statements shall be submitted toi the Secretary for the purpose ofi identifying Financial Performance indicators and Financial Performance Indicators of Concern. See 20  termination shall be effective until approved in writing by the Secretary oft the LGC.  default on any subsequent occasion ori instance.  by the Secretary oft the LGC. NCGS Chapter 64, Article 2.  person identified as having the appropriate SKE for the Governmental Unit.  standards set by the Accounting Standards Board or its successor;  b) the status of the prior year audit findings; financial statements; and  NCAC 03 0502(C)(6).  Page 5    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  30. All oft the above paragraphs are understood and shall apply to this contract, except the following  numbered paragraphs shall be deleted (See Item 171 for clarification).  31. The process for submitting contracts, audit reports and invoices is subject to change. Auditors and units should use the submission process and instructions in effect at thet time ofs submission. Refer to the N.C. Department of State Treasurer website at htps/Mw.ncreasurercomsiate-aneoca: goverment-finance-dwonlocal-govemmen-commisonsummitingyouraudir tot the email addresses provided on the signature pages that follow.  32. All communications regarding audit contract requests for modification or official approvals will be sent 33. Modifications to the language and terms contained in this contract form (LGC-205) are not allowed.  Page 6    LGC-205  CONTRACT TO AUDIT. ACCOUNTS FEES FOR AUDIT SERVICES  Rev. 11/2022  1. For all non-attest services, the Auditor shall adhere to the independence rules oft the AICPA Professional Code of Conduct (as applicable) and Government Auditing Standards,2018 Revision. Refer to Item 27 of this contract for specific requirements. The following information must be provided by the Auditor; contracts Financial statements were prepared by: Auditor Governmental Unit Third Party If applicable: Individual at Governmental Unit designated to have the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the non-attest services and accept responsibility for the  presented to the LGC without this information will be not be approved.  results of these services: Name:  Title and Unit/Company:  Email Address:  ORI Not Applicable  (Identification of SKE Individual on the LGC-205 Contract. is nota applicable for  GAAS-only audits or audits with FYEs prior to. June 30, 2020.)  2. Fees may not bei included in this contract for work performed on Annual Financial Information Reports (AFIRs), Form 990s, or other services not associated with audit fees and costs. Such fees may bei included in the engagement letter but may not be included int this contract or in anyi invoices requiring approval oft the LGC. See 3. The audit fee information included in the table below for both the Primary Government Fees and the DPCU Fees (if applicable) should be reported as a specific dollar amount of audit fees for the year under this contract. If any language other than an amount is included here, the contract will be returned to the audit form for correction. 4. Prior to the submission of the completed audited financial report and applicable compliance reports subject to this contract, or to an amendment to this contract (if required) the Auditor may submit interim invoices for approval for services rendered under this contract to the Secretary of the LGC, not to exceed 75% of the billings for the unit's last annual audit that was submitted to the Secretary oft the LGC. All invoices for services rendered in an audit engagement as defined in 20 NCAC .0503 shall be submitted to the Commission for approval before any payment is made. Payment before approval is a violation of law. (This paragraph not applicable to contracts  Items 8 and 131 for details on other allowable and excludedi fees.  and invoices associated with audits of hospitals).  PRIMARY GOVERNMENT FEES Town ofB Bermuda Run $7,500.00 $2,000 $ $ DPCU FEES (if applicable) N/A $ $ $ $ Page 7  Primary Government Unit Audit Fee  Additional Fees Not Included. in Audit Fee: Fee per Major Program Writing Financial Statements All Other Non-Attest Services Discretely Presented Component Unit Additional Fees Not Included in Audit Fee: Fee per Major Program Writing Financial Statements All Other Non-Attest Services  Audit Fee    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  SIGNATURE PAGE AUDIT FIRM  Audit Firm* Eddie Carrick, CPA,PC Eddie Carrick Date*  Authorized Firm Representative (typed or printed)* Signature*  Email Address* dic@rddicamelepacon  GOVERNMENTAL UNIT  Governmental Unit* Town of Bermuda Run 651QeGSItC.. Mayor/Chairperson (typed or printed)*  Date Primary Government Unit Governing Board Approved Audit Contract*  Signature* Email Address  Date  Chair of Audit Committee (typed or printed, or' "NA") Signature  N/A Date  Email Address  GOVERNMENTAL UNIT- PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts.  This instrument has been pre-audited: in the manner required by The Local Govemment Budget and! Fiscal  Control Act or by the School Budget and Fiscal Control Act. Primary Governmental Unit Finance Officer* (lypedo orp printed Signature*  - Email Address*  Date of Pre-Audit Certificate*  Page 8    LGC-205  CONTRACT TO AUDIT. ACCOUNTS SIGNATURE PAGE - DPCU (complete only if applicable)  Rev. 11/2022  DISCRETELY PRESENTED COMPONENT UNIT  DPCU* N/A  Date DPCU Governing Board Approved Audit Contract* (Ref: G.S. 159-34(a) or G.S. 115C-447(a) DPCU Chairperson (typed or printed)*  Signature* Email Address*  Date*  Chair of Audit Committee (typed or printed, or' "NA") Signature  Date  Email Address  DPCU - PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts,  This instrument. has been pre-audited in the mannerrequired. by The Local Govemment Budget and Fiscal  Control Act or by the School Budget and Fiscal Control Act. DPCU Finance Officer (typed or printed)* Date of Pre-Audit Certificate*  Signature* Email Address*  N/A  Remember to print this form, and obtain all required signatures prior to submission.  PRINT  Page 9    EDDIE CARRICK, CPA, PC Certified Public Accountant  March 1, 2023 To the Board of Directors Town of Bermuda Run TDA Bermuda Run, North Carolina the year ended June 30, 2023. Audit Scope and Objectives  We are pleased to confirm our understanding oft the services we are to provide for Town of Bermuda Run TDA: for We will audit, where applicable, the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information, including the disclosures, which collectively comprise the basic financial statements, of Town of Bermuda Run TDA as of and for the year ended June 30, 2023. Accounting standards generally accepted in the United States of America (GAAP) provide for certain required supplementary information (RSI), such as managements discussion and analysis (MD&A), to supplement Town of Bermuda Run TDA's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to Town of Bermuda Run TDA's RSI in accordance with auditing standards generally accepted in the United States of America (GAAS). These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient appropriate evidence to express an opinion or provide any assurance. The following RSI is required by GAAP and  will be subjected to certain limited procedures, but will not be audited: 2) Other Post-Employment Benefits Schedules (if applicable).  1) Management's Discussion and Analysis.  We have also been engaged to report on supplementary information other than RSI that accompanies Town of Bermuda Run TDA's financial statements. We will subject the following supplementary information to the auditing procedures applied in our audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with GAAS, and we will provide an opinion on it in relation to the financial statements as a whole in a report  combined with our auditor's report on the financial statements. 1) Individual fund statements and schedules 2) Schedule of expenditures of federal awards (ifa applicable). 3) Law Enforcement Officers' Separation Allowance Report (if applicable).  Inc connection with our audit of the basic financial statements, we will read the following other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists; we are required to describe it The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and issue an auditor's report that includes our opinions about whether your financial statements are fairly presented, in all material respects, in conformity with GAAP, and report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood  in our report. 1)N/A  Member oft the American. Institute ofCertified) Public Accountants  151 Young Drive, Lexington, NC: 27292 336-249-2545, Fax3 336-249-4745    that, individually or in the aggregate, they would influence the judgment of a reasonable user made based on the  financial statements.  The objectives also include reporting on (if applicable): accordance with Government. Auditing Standards.  Internal control over financial reporting and compliance with provisions of laws, regulations, contracts, and award agreements, noncompliance with which could have a material effect on the financial statements in Internal control over compliance related to major programs and an opinion (or disclaimer of opinion) on compliance with federal statutes, regulations, and the terms and conditions of federal awards that could have a direct and material effect on each major program in accordance with the Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Auditor's Responsibilities for the Audit of thel Financial Statements and Single Audit (if applicable) We will conduct our audit in accordance with GAAS; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the Single Audit Act Amendments of 1996; and the provisions of the Uniform Guidance, and will include tests of accounting records, a determination of major programs in accordance with Uniform Guidance, and other procedures we consider necessary to enable us to express such opinions. As part of an audit in accordance with GAAS and Government Auditing Standards, we We will evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management. We will also evaluate the overall presentation of the financial statements, including the disclosures, and determine whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable tot the government or to acts by management or employees acting on behalf of the government. Because the determination of waste and abuse is subjective, Government. Auditing Standards do not expect auditors to perform specific procedures to detect waste or abuse in financial audits nor do they expect Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is an unavoidable risk that some material misstatements or noncompliance may not be detected by us, even though the audit is properly planned and performed in accordance with GAAS and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements or on major programs. However, we will inform the appropriate level of management of any material errors, any fraudulent financial reporting, or misappropriation of assets that come to our attention. We will also inform the appropriate level of management of any. violations of laws or governmental regulations that come to our attention, unless clearly inconsequential. We will include such matters in the reports required for a Single Audit (if applicable). Our responsibility as auditors are limited to the period covered by our audit and does not extend to any later periods for which we are note engaged as auditors. We will also conclude, based on the audit evidence obtained, whether there are conditions or events, considered int the aggregate, that raise substantial doubt about the government's ability to continue as a going concern for a Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of the physical existence of inventories (if applicable), and. direct confirmation of receivables and certain assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will also request written representations from your attorneys as part of the engagement. We have identified the following significant risks of material misstatement as part of our audit planning:  Cost Principles, and. Audit Requirements for Federal. Awards (Uniform Guidance).  exercise professional judgment and maintain professional skepticism throughout the audit.  auditors to provide reasonable assurance of detecting waste or abuse.  reasonable period of time.  Cash  Support, receivables, and receipts Program service fees, revenue, and receivables Inventories (if applicable) Property and equipment  Expenses for program and supporting services, and accounts payable and other liabilities    Debt and other liabilities Net assets  Oura audit off financial statements does not relieve you of your responsibilities.  Audit Procedures-Iinternal Control  We will obtain an understanding of the government and its environment, including internal control relevant to the audit, sufficient to identify and assess the risks of material misstatement of the financial statements, whether due to error or fraud, and to design and perform audit procedures responsive to those risks and obtain evidence thati is sufficient and appropriate to provide a basis for our opinions. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal control. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards. As required by the Uniform Guidance (if applicable), we will perform tests of controls over compliance to evaluate the effectiveness of the design and operation of controls that we consider relevant to preventing or detecting material noncompliance with compliance requirements applicable to each major federal award program. However, our tests will be less in scope than would be necessary to render an opinion on those controls and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to the Uniform Guidance. An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. Accordingly, we will express no such opinion. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards, Government Auditing Standards, and the Uniform Guidance As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of Town of Bermuda Run TDA's compliance with provisions of applicable laws, regulations, contracts, and agreements, including grant agreements. However, the objective of those procedures will not be to provide an opinion on overall compliance, and we will not express such an opinion in our report on The Uniform Guidance (if applicable) requires that we also plan and perform the audit to obtain reasonable assurance about whether the auditee has complied with federal statutes, regulations, and the terms and conditions of federal awards applicable to major programs. Our procedures will consist of tests of transactions and other applicable procedures described in the OMB Compliance Supplement for the types of compliance requirements that could have a direct and material effect on each of Town of Bermuda Run TDA's major programs. For federal programs that are included in the Compliance Supplement, our compliance and internal control procedures will relate to the compliance requirements that the Compliance Supplement identifies as being subject to audit. The purpose of these procedures will be to express an opinion on Town of Bermuda Run TDA's compliance with requirements applicable to each of its major programs in our report on compliance issued  (ifapplicable).  Audit Procedures-Complance  compliance issued pursuant to Government. Auditing Standards.  pursuant to the Uniform Guidance. Other Services  For audits subject to Yellow Book, we will not provide any nonattest services.  For audit not subject to Yellow Book, we will also assist in preparing the financial statements and related notes of Town of Bermuda Run TDA in conformity with accounting principles generally accepted in the United States of America based on information provided by you. These nonaudit services do not constitute an audit under Government. Auditing Standards and such services will not be conducted in accordance with Government. Auditing Standards. We will perform the services in accordance with applicable professional standards. The other services are limited to the financial statements and related notes services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as You agree to assume all management responsibilities for the financial statements and related notes, and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter  assuming management responsibilties.    our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, with suitable skill, knowledge, or experience; evaluate the adequacy and results oft those services; Responsibilities of Management for the Financial Statements and Single. Audit (if applicable) Our audit will be conducted on the basis that you acknowledge and understand your responsibility for (1) designing, implementing, establishing, and maintaining effective internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, including internal controls over federal awards, and for evaluating and monitoring ongoing activities to help ensure that appropriate goals and objectives are met; (2) following laws and regulations; (3) ensuring that there is reasonable assurance that government programs are administered in compliance with compliance requirements; and (4) ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles; for the preparation and fair presentation oft the financial statements, schedule of expenditures of federal awards, and all accompanying information in conformity with accounting principles generally accepted in the United States of America; and for compliance with applicable laws and regulations (including federal statutes), rules, and the provisions of contracts and grant agreements (including award agreements). Your responsibilities also include identifying significant contractor relationships in which the contractor has responsibility for program You are also responsible for making drafts of financial statements, schedule of expenditures of federal awards, all financial records, and related information available to us and for the accuracy and completeness of that information (including information from outside of the general and subsidiary ledgers). You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, identification of all related parties and all related-party relationships and transactions, and other matters; (2) access to personnel, accounts, books, records, supporting documentation, and other information as needed to perform an audit under the Uniform Guidance; (3) additional information that we may request for the purpose of the audit; and (4) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence. At the conclusion of our audit, we will require certain written representations from you about the financial statements; schedule of expenditures of federal awards; federal award programs; compliance with laws, regulations, contracts, Your responsibilities include adjusting the financial statements to correct material misstatements and confirming to us ini the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants. You are also responsible for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts, and grant agreements that we report. Additionally, as required by the Uniform Guidance (if applicable), it is management's responsibility to evaluate and monitor noncompliance with federal statutes, regulations, and the terms and conditions of federal awards; take prompt action when instances of noncompliance are identified including noncompliance identified in audit findings; promptly follow up and take corrective action on reported audit findings; and prepare a summary schedule of prior audit findings and a separate corrective action plan. The summary schedule of prior audit findings should be available for our review on the first of audit field You are responsible for identifying all federal awards received and understanding and complying with the compliance requirements and for the preparation of the schedule of expenditures of federal awards (including notes and noncash assistance received, and COVID-19-related concepts, such as lost revenues, if applicable) in conformity with the Uniform Guidance (if applicable). You agree to include our report on the schedule of  and accept responsibility for them.  compliance and for the accuracy and completeness of that information.  and grant agreements; and related matters.  int the aggregate, to the financial statements of each opinion unit taken as a whole.  work.    expenditures of federal awards in any document that contains, and indicates that we have reported on, the schedule of expenditures of federal awards. You also agree to include the audited financial statements with any presentation of the schedule of expenditures of federal awards that includes our report thereon no later than the date the schedule of expenditures of federal awards is issued with our report thereon. Your responsibilities include acknowledging to us in the written representation letter that (1) you are responsible for presentation of the schedule of expenditures of federal awards in accordance with the Uniform Guidance; (2) you believe the schedule of expenditures of federal awards, including its form and content, is stated fairly in accordance with the Uniform Guidance; (3) the methods of measurement or presentation have not changed from those used in the prior period (or, if they have changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or interpretations underlying. the measurement or presentation of the schedule of You are also responsible for the preparation of the other supplementary information, which we have been engaged to report on, in conformity with U.S. generally accepted accounting principles (GAAP). You agree to include our report on the supplementary information in any document that contains, and indicates that we have reported on, the supplementary information. You also agree to include the audited financial statements with any presentation of the supplementary information that includes our report thereon no later than the date the supplementary information is issued with our report thereon. Your responsibilities include acknowledging to us in the written representation letter that (1) you are responsible for presentation of the supplementary information in accordance with GAAP; (2) you believe the supplementary information, including its form and content, is fairly presented in accordance with GAAP; (3) the methods of measurement or presentation have not changed from those used in the prior period (or, if they have changed, the reasons for such changes); and (4) you have disclosed to us any significant assumptions or interpretations underlying the measurement or presentation of the Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits, or other studies related to the objectives discussed in the Audit Scope and Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions for the report, and We understand that your employees will prepare all cash, accounts receivable, or other confirmations we request At the conclusion of the engagement (if applicable), we will complete the appropriate sections of the Data Collection Form that summarizes our audit findings. It is managements responsibility to electronically submit the reporting package (including financial statements, schedule of expenditures of federal awards, summary schedule of prior audit findings, auditor's reports, and corrective action plan) along with the Data Collection Form to the federal audit clearinghouse. We will coordinate with you. the electronic submission and certification. The Data Collection Form and the reporting package must be submitted within the earlier of 30 calendar days after receipt We will provide copies of our reports to the Bermuda Run TDA; however, management is responsible for distribution of the reports and the financial statements. Unless restricted by law or regulation, or containing privileged and confidential information, copies of our reports are to! be made available for public inspection. The audit documentation for this engagement is the property of Eddie Carrick CPA, PC and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to the oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Eddie Carrick CPA, PC personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies The audit documentation for this engagement will be retained for a minimum of five years after the report release date or for any additional period requested by the oversight agency. If we are aware that a federal awarding  expenditures off federal awards.  supplementary information.  for thet timing and format for providing that information. Engagement. Administration, Fees, and Other and willl locate any documents selected by us fort testing.  of the auditor's reports or nine months after the end oft the audit period.  ori information contained therein to others, including other governmental agencies.    agency, pass-through entity, or auditee is contesting an audit finding, we will contact the party contesting the audit Eddie Carrick is the engagement partner and is responsible for supervising the engagement and signing the reports or authorizing another individual tos sign them. We expect to begin our audit after July 1, 2023. My fee for these services will be at our agreed upon fee per our LGC contract less any amounts paid directly to Tony Brewer CPA, PC for financial statement preparation and other non-attest services. Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. In accordance with our firm policies, work may be suspended if your account becomes 90 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report(s). You will be obligated to compensate us for all time expended and to reimburse us for all out-of- pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the engagement. If significant additional time is necessary, we will keep you informed of any problems we encounter and our fees will We will issue written reports upon completion of our Single Audit (if applicable). Our reports will be addressed to the Board of Directors of the Town of Bermuda Run TDA._Circumstances may arise in which our report may differ from its expected. form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinions, add a separate section, or add an emphasis-of- matter or other-matter paragraph to our auditor's report, or if necessary, withdraw from this engagement. If our opinions are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express The Government Auditing Standards report (if applicable) on internal control over financial reporting and on compliance and other matters will state that (1) the purpose of the report is solely to describe the scope of testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance, and (2) the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. The Uniform Guidance report (if applicable) on internal control over compliance will state that the purpose of the report on internal control over compliance is solely to describe the scope of testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Both We appreciate the opportunity to be ofs service tot the Town of Bermuda Run TDA and believe this letter accurately summarizes the significant terms of our engagement. Ify you have any questions, please let us know. Ify you agree with the terms of our engagement as described in this letter, please sign the attached copy and return itt to us.  finding for guidance priort to destroying the audit documentation.  be adjusted accordingly. Reporting  opinions or issue reports, or we may' withdraw from this engagement.  reports (if applicable) will state that the report is nots suitable for any other purpose.  Very truly yours,  CLCL.CH Eddie Carrick CPA, PC Management signature: Title: Date: Governance signature: Title: Date:  RESPONSE: This letter correctly sets forth the understanding of Town of Bermuda Run TDA.    LGC-205 The Governing Board Board ofDirectors of Primary Government Unit  CONTRACT TO AUDIT. ACCOUNTS  Rev. 11/2022  Town ofBermuda Run' Tourism Development Authority and Discretely Presented Component Unit (DPCU) (ifa applicable)  N/A  Primary Government Unit, together with DPCU (ifapplicable), hereinafter. referredi to as Governmental Unit(s)  and Auditor Name Eddie Carrick, CPA,PC Auditor Address  151 Young Drive, Lexington, NC27292 Hereinafter, referred to as Auditor  for Fiscal Year Ending 06/30/23  Date Audit WillE Be Submitted to LGC Must be within four months ofFYE  10/31/23  hereby agree as follows:  1. The Auditor shall audit all statements and disclosures required by U.S. generally accepted auditing standards (GAAS) and additional required legal statements and disclosures of all funds andlor divisions of the Governmental Unit(s). The non-major combining, and individual fund statements and schedules shall be subjected to the auditing procedures applied in the audit oft the basic financial statements and an opinion shall be rendered- in relation to (as applicable) the governmental activities, the business- type activities, the aggregate DPCUS, each major governmental and enterprise fund, and the aggregate remaining fund information (non- major government and enterprise funds, the internal service fund type, andi the fiduçiary fund types). The basic financial statements shall include budgetary comparison information in al budgetary comparison statement, rather than as RSI, for the General Fund and any annually budgeted Special Revenue funds. 2. Atar minimum, the Auditor shall conduct the audit and render the report in accordance with GAAS. The Auditor shall perform the audit in accordance with Government Auditing Standards (GAGAS) if the Governmental Unit expended $100,000 or more in combined Federal and State financial assistance during the reporting period. The auditor shall perform a Single Audit if required by Title 2 US Code of Federal Regulations Part 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart F (Uniform Guidance) or the State Single Audit Implementation Act. This audit and all associated audit documentation may be subject to review by Federal and State agencies in accordance with Federal and State laws, including the staffs of the Office of State. Auditor (OSA) and the Local Government Commission (LGC). If the audit requires a federal single audit in accordance with the Uniform Guidance ($200.501), itis recommended that the. Auditor and Governmental Unit(s). jointly agree, in advance of the execution of this contract, which party is responsible for submission oft the audit and the accompanying data collection form to the Federal Audit Clearinghouse as required under the Uniform Guidance ($200.512).  Effective for audits of fiscal years beginning after June 30, 2023, the LGC will allow auditors to consider whether au unit qualifies as a State low-risk auditee based upon federal criteria in the Uniform Guidance $200.520(a), and (b) through (e) as it applies to State awards. In addition to the federal criteria in the Uniform Guidance, audits must have been submitted timely to the LGC. Ifi in the reporting year, ori in either oft the two previous years, the unit reported a Financial Performance Indicator of Concern that the audit was late, then  Page 1    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  the report was not submitted timely for State low-risk auditee status. Please refer to Discussion of Single Ifthe audit and Auditor communication are found in this review to be substandard, the results oft the review may be forwarded toi the North Carolina State Board of CPA Examiners (NC State Board). 3. Ifan entity is determined to be a component of another government as defined by the group audit standards, the entity's auditor shall make a good faith effort to comply in ai timely manner with the requests of 4. This contract contemplates an unmodified opinion being rendered. If during the process of conducting the audit, the Auditor determines that it will not be possible to render an unmodified opinion on the financial statements of the unit, the Auditor shall contact the LGC Staff to discuss the circumstances leading to that conclusion as soon as is practical and before the final report is issued. The audit shall include such tests oft the accounting records and such other auditing procedures as are considered by the Auditor to be necessary in the circumstances. Any limitations or restrictions in scope which would lead to a qualification should be fully 5. Ift this audit engagement is subject toi the standards for audit as defined in Government Auditing Standards, 2018 revision, issued by the Comptroller General of the United States, then by accepting this engagement, the Auditor warrants that helshe has met the requirements for a peer review and continuing education as specified in Government Auditing Standards. The Auditor agrees to provide a copy oft the most recent peer review report to the Governmental Unit(s) and the Secretary of the LGC prior to the execution of an audit contract. Subsequent submissions of the report are required only upon report expiration or upon auditor's receipt of an updated peer review report. If the audit firm received a peer review rating other than pass, the Auditor shall not contract with the Governmental Unit(s) without first contacting the Secretary of the LGC for a Ift the audit engagement is not subject to Government Auditing Standards or if financial statements are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and fail to include all disclosures required by GAAP, the. Auditor shall provide an explanation as to why in an attachment to this 6. Itis agreed that time is oft the essence int this contract. All audits are to be performed and the report of audit submitted to LGC Staff within four months ofi fiscal year end. Ifi it becomes necessary to amend the audit fee or the date that the audit report will be submitted to the LGC, an amended contract along with a written 7. Itis agreed that GAAS include a review of the Governmental Unit's (Units') systems ofi internal control and accounting as same relate to accountability of funds and adherence to budget and law requirements applicable thereto; that the Auditor shall make a written report, which may or may not be a part ofi the written report of audit, to the Governing Board setting forth his/her findings, together with his recommendations. for improvement. That written report shall include all matters defined as "significant deficiencies and material weaknesses" in AU-C 265 of the. AICPA Professional Standards (Clarified). The Auditor shall file a copy of that For GAAS or Government Auditing Standards audits, if an auditor issues an AU-C $260 report, commonly referred to as Governance Letter,"L LGC staff does not require the report to be submitted unless the auditor cites significant findings or issues from the audit, as defined in AU-C $260.12-.14. This would include issues such as difficulties encountered during the audit, significant or unusual transactions, uncorrected misstatements, matters that are difficult or contentious reviewed with those charged with governance, and other  Audits in North Carolina" on the LGC's website for more information.  the group auditor in accordance with AU-6 $600.41- -S $600.42.  explained in an attachment tot this contract.  peer review analysis that may result in additional contractual requirements.  contract or in an amendment.  explanation oft the change shall be submitted tot the Secretary of the LGC for approval.  report with the Secretary of the LGC.  significant matters.  Page 2    LGC-205  CONTRACT TO AUDIT. ACCOUNTS  Rev. 11/2022  8. AllI local government and public authority contracts for audit or audit-related work require the approval of the Secretary oft the LGC. This includes annual or special audits, agreed upon procedures related to internal controls, bookkeeping or other assistance necessary to prepare the Governmental Unit's records for audit, financial statement preparation, any finance-related investigations, or any other audit- related work int the State of North Carolina. Approval is also required for the Alternative Compliance Examination expenditures as allowed by US Treasury. Approval is not required on audit contracts and invoices for 9. Invoices for services rendered under these contracts shall not be paid by the Governmental Unit(s) until the invoice has been approved by the Secretary oft the LGC. This also includes any progress billings [G.S. 159-34 and 115C-447). All invoices for audit work shall be submitted in PDF format to the Secretary oft the LGC for approval. the invoice marked 'approved' with approval date shall be returned to the Auditor top present to the Governmental Unit(s) for payment. This paragraph is not applicable to contracts for audits 10. In consideration of the satisfactory performance oft the provisions oft this contract, the Governmental Unit(s) shall pay to the Auditor, upon approval by the Secretary of the LGC ifr required, the fee, which includes any costs the Auditor may incur from work paper or peer reviews or any other quality assurance program required by third parties (federal and state grantor and oversight agencies or other organizations) as required under the Federal and State Single Audit Acts. This does not include fees for any pre-issuance reviews that may be required by the NC Association of CPAS (NCACPA) Peer Review Committee or NC State 11. If the Governmental Unit(s) has/have outstanding revenue bonds, the Auditor shall submit to LGC Staff, either in the notes to the audited financial statements or as a separate report, a calculation demonstrating compliance with the revenue bond rate covenant. Additionally, the Auditor shall submit to LGC Staff simultaneously with the Governmental Unit's (Units') audited financial statements any other bond compliance statements or additional reports required by the authorizing bond documents, unless otherwise specified in the 12. After completing the audit, the Auditor shall submit to the Governing Board a written report of audit. This report shall include, but not be limited to, the following nformation: (a) Management's Discussion and Analysis, (b) the financial statements and notes of the Governmental Unit(s) and all of its component units prepared in accordance with GAAP, (c) supplementary information requested by the Governmental Unit(s) or required for full disclosure under the law, and (d) the Auditor's opinion on the material presented. The Auditor shall furnish the required number of copies of the report of audit to the Governing Board uponcompletion. 13. Ifti the audit firm is required by the NC State Board, the NCACPA Peer Review Committee, or the Secretary of the LGC to have a pre-issuance review of its audit work, there shall be a statement in the engagement letter indicating the pre-issuance review requirement. There also shall be a statement that the Governmental Unit(s) shall not be billed for the pre-issuance review. The pre-issuance review shall be performed prior to the completed audit being submitted to LGC Staff. The pre-issuance review report shall accompany the  Engagement for auditing the Coronavirus State and Local Fiscal Recovery Funds system improvements and similar services of a non-auditing nature.  of hospitals.  Board of CPA Examiners (see Item 13).  bond documents.  audit report upon submission to LGC Staff.  Page 3    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  14. The Auditor shall submit the report of audit in PDF format to LGC Staff. For audits of units other than hospitals, the audit report should be submitted when (or prior to) submitting the final invoice for services rendered. The report of audit, as filed with the Secretary oft the LGC, becomes a matter of public record for inspection, review and copy in the offices of the LGC by any interested parties. Any subsequent revisions to these reports shall be sent to the Secretary oft the LGC. These audited financial statements, excluding the Auditors' opinion, may be used int the preparation of official statements for debt offerings by municipal bond rating services to fulfill secondary market disclosure requirements of the Securities and Exchange Commission and for other lawful purposes of the Governmental Unit(s) without requiring consent of the Auditor. If the LGC Staff determines that corrections need to be made to the Governmental Unit's (Units') financial statements and/or the compliance section, those corrections shall be provided within three business days of notification 15. Should circumstances disclosed by the audit call for a more detailed investigation by the. Auditor than necessary under ordinary circumstances, the Auditor shall inform the Governing Board in writing of the need for such additional investigation and the additional compensation required therefore. Upon approval by the Secretary of the LGC, this contract may be modified or amended to include the increased time, compensation, 16. Ifan approved contract needs to be modified or amended for any reason, the change shall be made in writing and pre-audited if the change includes a change in audit fee (pre-audit requirement does not apply to hospitals). This amended contract shall be completed ini full, including a written explanation of the change, signed and dated by all original parties to the contract. It shall then be submitted to the Secretary oft the LGC for approval. No change to the audit contract shall be effective unless approved by the Secretary oft the LGC, the 17. A copy of the engagement letter, issued by the Auditor and signed by both the Auditor and the Governmental Unit(s), shall be attached to this contract, and except for fees, work, and terms not related to audit services, shall be incorporated by reference as iffully set forth herein as part of this contract. In case of conflict between the terms oft the engagement letter and the terms oft this contract, the terms of this contract shall take precedence. Engagement letter terms that conflict with the contract are deemed to be void unless the conflicting terms oft this contract are specifically deleted in Item 30 oft this contract. Engagement letters containing 18. Special provisions should be limited. Please list any special provisions in an attachment. 19. As separate contract should not be made for each division to be audited or report to be submitted. Ifa DPCU is subject to the audit requirements detailed in the Local Government Budget and Fiscal Control Act and as separate audit report is issued, a separate audit contract is required. Ifa a separate report is not to be issued and the DPCU is included in the primary government audit, the DPCU shall be named along with the primary government on this audit contract. DPCU Board approval date, signatures from the DPCU Board chairman and 20. The contract shall be executed, pre-audited (pre-audit requirement does not apply to hospitals), and physically signed by all parties including Governmental Unit(s) and the Auditor, then submitted in PDF format to 21. The contract is not valid until it is approved by the Secretary of the LGC. The staff oft the LGC shall notify the Governmental Unit and Auditor of contract approval by email. The audit should not be started before the 22. Retention of Client Records: Auditors are subject to the NC State Board of CPA Examiners' Retention of Client Records Rule. 21 NCAC 08N .0305 as it relates to the provision of audit and other attest services, as well as non-attest services. Clients and former clients should bei familiar with the requirements of this rule prior to  unless another deadline is agreed to by LGC Staff.  or both as may be agreed upon by the Governing Board and the Auditor.  Governing Board, and theA Auditor.  indemnification clauses shall not be accepted by LGC Staff.  finance officer also shall be included on this contract.  the Secretary of thel LGC. contract is approved.  requesting the return of records.  Page 4    LGC-205  CONTRACT TO AUDIT. ACCOUNTS  Rev. 11/2022  23. This contract may be terminated at any time by mutual consent and agreement oft the Governmental Unit(s) and the Auditor, provided that (a) the consent to terminate is in writing and signed by both parties, (b) the parties have agreed on the fee amount which shall be paid to the Auditor (if applicable), and (c) no 24. The Governmental Unit's (Units') failure or forbearance to enforce, or waiver of, any right or an event of breach or default on one occasion or instance shall not constitute the waiver of such right, breach or 25. There are no other agreements between the parties hereto and no other agreements relative hereto that shall be enforceable unless entered into in accordance with the procedure set out herein and approved 26. E-Verify. Auditor shall comply with the requirements of NCGS Chapter 64 Article 2. Further, if Auditor utilizes any subcontractor(s), Auditor shall require such subcontractor(s) to comply with the requirements of 27. Applicable to audits with fiscal year ends of. June 30, 2020 and later. For all non-attest services, the. Auditor shall adhere to the independence rules oft the AICPA Professional Code of Conduct and Government. Auditing Standards, 2018 Revision (as applicable). Financial statement preparation assistance shall be deemed a "significant threat" requiring the Auditor to apply safeguards sufficient to reduce the threat to an acceptable level. If the Auditor cannot reduce the threats to an acceptable level, the Auditor cannot complete the audit. Ift the Auditor is able to reduce the threats to an acceptable level, the documentation of this determination, including the safeguards applied, must bei included in the audit workpapers. All non-attest service(s) being performed by the. Auditor that are necessary to perform the audit must be identified and included in this contract. The Governmental Unit shall designate an individual with the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the services and accept responsibility for the results of the services performed. If the Auditor is able to identify an individual with the appropriate SKE, s/he must document and include in the audit workpapers how he/she reached that conclusion. Ift the Auditor determines that an individual with the appropriate SKE cannot be identified, the Auditor cannot perform both the non-attest service(s) and the audit. See "Fees for Audit Services" page of this contract to disclose the 28.. Applicable to audits with fiscal year ends of June 30, 2021 and later. The auditor shall present the audited financial statements including any compliance reports to the government unit's governing body or audit committee in an official meeting in open session as soon as the audited financial statements are available but not later than 45 days after the submission oft the audit report to the Secretary. The auditor's presentation to the government unit's governing body or audit committee shall include: a) the description of each finding, including all material weaknesses and significant deficiencies, as found by the auditor, and any other issues related to the internal controls or fiscal health of the government unit as disclosed in the management letter, the Single Audit or Yellow Book reports, or any other communications from the auditor regarding internal controls as required by current auditing c) the values of Financial Performance Indicators based on information presented ini the audited d) notification to the governing body that the governing body shall dèvelop a "Response to the Auditor's Findings, Recommendations, and Fiscal Matters," ifrequired under 20 NCAC 03 .0508. 29. Information based on the audited financial statements shall be submitted to the Secretary for the purpose ofi identifying Financial Performance Indicators and Financial Performance Indicators of Concern. See 20  termination shall be effective until approved in writing by the Secretary of the LGC.  default on any subsequent occasion or instance.  by the Secretary oft the LGC. NCGS Chapter 64, Article 2.  person identified as having the appropriate SKE for the Governmental Unit.  standards set by the Accounting Standards Board or its successor;  b) the status of the prior year audit findings;  financial statements; and  NCAC 03 .0502(c)(6).  Page 5    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  30. All oft the above paragraphs are understood and shall apply to this contract, except the following  numbered paragraphs shall be deleted (See Item 17 for clarification).  31. The process for submitting contracts, audit reports and invoices is subject to change. Auditors and units should use the submission process and instructions in effect at the time ofs submission. Refer to the N.C. Department of State Treasurer website at ttps,/www.nctreasurer.com/state-and-local- pemmenmanedwaomioasagpeomNasonhbmtingyouaut tot the email addresses provided on the signature pages that follow.  32. All communications regarding audit contract requests for modification or official approvals will be sent 33. Modifications to the language and terms contained in this contract form (LGC-205) are not allowed.  Page 6    LGC-205  CONTRACT TO AUDIT ACCOUNTS FEES FOR AUDIT SERVICES  Rev. 11/2022  1. For all non-attest services, the Auditor shall adhere to the independence rules of the AICPA Professional Code of Conduct (as applicable) and Government Auditing Standards,2018 Revision. Refer to Item 27 of this contract for specific requirements. The following information must be provided by the Auditor; contracts Financial statements were prepared by: DJAuditor Governmental Unit Third Party If applicable: Individual at Governmental Unit designated to have the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the non-attest services and accept  presented to the LGC without this information will be not be approved.  results oft these services: Name:  responsibility for the  Title and Unit/Company:  Email, Address:  ORI Not Applicable 7 (Identification of SKE Individual ont the LGC-205 Contract is not applicable for  GAAS-only audits ora audits with FYEs prior to. June: 30, 2020.)  2. Fees may not be included in this contract for work performed on Annual Financial Information Reports (AFIRs), Form 990s, or other services not associated with audit fees and costs. Such fees may be included in the engagement letter but may not be included ini this contract or in any invoices requiring approval oft the LGC. 3. The audit fee information included in the table below for both the Primary Government Fees and the DPCU Fees (if applicable) should be reported as a specific dollar amount of audit fees for the year under this contract. If any language other than an amount is included here, the contract will be returned to the audit form for correction. 4. Prior to the submission of the completed audited financial report and applicable compliance reports subject to this contract, or to an amendment to this contract (if required) the Auditor may submit interim invoices for approval for services rendered under this contract to the Secretary of the LGC, not to exceed 75% ofi the for the unit's last annual audit that was submitted to the Secretary of the LGC. Alli invoices for services rendered billings in an audit engagement as defined in 20 NCAC .0503 shall be submitted to the Commission for approval before any payment is made. Payment before approval is a violation ofl law. (This paragraph not applicable to contracts  Items 8 and 131 for details on other allowable and excluded fees.  See  and invoices associated with audits of hospitals).  PRIMARY GOVERNMENT FEES $1,500.00 $ $ $ DPCU FEES (if applicable) N/A $ $ $ $ Page 7  Primary Government Unit Audit Fee  Town of Bermuda Run Tourism Development Authority  Additional Fees Not Included in Audit Fee: Fee per Major Program Writing Financial Statements AlI Other Non-Attest Services Discretely Presented Component Unit Additional Fees Not Included in Audit Fee: Fee per Major Program Writing Financial Statements All Other Non-Attest Services  Audit Fee    LGC-205  CONTRACT TO AUDIT ACCOUNTS  Rev. 11/2022  SIGNATURE PAGE AUDIT FIRM  Audit Firm* Eddie Carrick, CPA,PC Eddie Carrick Date*  Authorized Firm Representative (typed or printed)* Signature*  Email Address* dalr@adicamclgpacom  GOVERNMENTAL UNIT  Governmental Unit* Town of Bermuda Run' Tourism Development Authority (G.S.159-34(a) or G.S.115C-447a) Mayor/Chairperson (typed or printed)*  Date Primary Government Unit Governing Board Approved Audit Contract*  Signature* Email Address  Date  Chair of Audit Committee (typed or printed, or "NA") Signature  N/A Date  Email Address  GOVERNMENTAL UNIT-P PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts.  This instrument has been pre-audited in the manner required by The Local Govemment.  Control Act or by the School Budget and Fiscal Control Act. Primary Governmental Unit Finance Officer* (ypedorpinted Signature*  Budget and Fiscal  Date of Pre-Audit Certificate*  Email Address*  Page 8    LGC-205  CONTRACT TO AUDIT ACCOUNTS SIGNATURE PAGE-DPCU (complete only if applicable)  Rev. 11/2022  DISCRETELY PRESENTED COMPONENT UNIT  DPCU* N/A  Date DPCU Governing Board Approved Audit Contract* (Ref: G.S. 159-34(a) or G.S. 115C-447(a)) DPCU Chairperson (typed or printed)*  Signature* Email Address*  Date*  Chair of Audit Committee (typed or printed, or "NA") Signature  Date  Email Address  DPCU - PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts.  This instrument has been pre-audited. in the manneri required by The Local Govemment Budget and Fiscal  Control Act or by the School Budget and Fiscal Control Act. DPCU Finance Officer (typed or printed)* Date of Pre-Audit Certificate*  Signature* Email Address*  N/A  Remember to print this form, and obtain all required signatures prior to submission.  PRINT  Page 9    TOWN OF BERMUDA RUN DETAILACCOUNT INQUIRY BY FUND PERIOD: 03/01/2023 TO 03/31/2023  FY2022-2023 DATE  10-10-00-005 BOTO-C Checking 03/01/2023 FL Sweep 03/01/2023 FL Meeting Refreshments 03/02/2023 AP DETAIL/SUMMARY CHECK. POSTING 03/02/2023 CA DEP3 30223 Vehicle Tax 03/02/2023 FL 03/02/2023 FL Sweep 03/02/2023 FL Flex pay. 03/02/2023 FL Payroll) Liabilities 03/03/2023 AP DETAIL/SUMMARY CHECK POSTING 03/03/2023 AP DETAIL/SUMMARY CHECK POSTING 03/06/2023 CA DEP 36231 Davie Communtiy. Found 03/06/2023. FL Sweep 03/08/2023 FL Sweep 03/08/2023 FL Cindy-Clerk Academy 03/08/2023 FL NCGFOA Membership 03/09/2023 CA DEP: 39231 BRWI HOAI Decorative Ad 03/09/2023 FL Sweep 03/09/2023 FL NCLM-Class 03/10/2023 CA DEP: 31023 RFIDs 03/10/2023 FL Sweep 03/10/2023 AP DETAIL/SUMMARY CHECK POSTING 03/13/2023 FL Sweep 03/14/2023 CA DEP31423; Sewer Reimbursement 03/14/2023 FL Sweep 03/15/2023 FL Sweep 03/15/2023 FL Sales & Use" Tax 03/15/2023 FL Utility Franchise' Tax 03/16/2023 AP DETAIL/SUMMARY CHECK POSTING 03/16/2023 FL Stamps 03/17/2023 FL Sweep 03/17/2023 FL Flex Pay 03/17/2023 FL Payroll) Liabilities 03/17/2023 FL Prudential Retirement 03/17/2023 AP DETAIL/SUMMARY CHECK POSTING 03/20/2023 FL Sweep 03/21/2023 CA DEP3 32123 Davie County" Tax 03/21/2023 FL Sweep 03/21/2023 FL Sweep 03/22/2023 FL 03/23/2023 CA DEP 323231 RFIDS 03/23/2023 FL Sweep 03/23/2023 FL 03/23/2023 FL 03/24/2023 FL Economic) Forum) Mtg 03/24/2023 FL Offices supplies 03/27/2023 AP DETAIL/SUMMARY CHECKI POSTING 03/27/2023 CA DEP: 32723 Vehicle' Tax 03/27/2023 FL Sweep 03/28/2023 FL Sweep 03/28/2023 FL Meeting snacks 03/28/2023 FL MgrI Lunch DRobertson -Delilccountinguiy  BALFORWARD PERIODTODATE -521,007.32  ACCTBAL -413,987.78 BALANCE -288,666.75 -279,888.89 -279,909.04 -955,366.28 -948,352.40 948,397.40 -910,446.51 -910,518.77 -913,038.52 -933,811.72 -939,909.67 -939,109.67 932,187.47 661,673.80 -661,759.60 -661,809.60 -652,505.76 -248,186.68 248,196.68 -247,976.68 -246,832.34 250,084.58 -249,594.90 -162,394.02 -249,594.90 -332,625.06 -290,014.28 239,068.39 -325,795.08 -325,858.08 -325,795.08 -325,867.34 -328,428.98 -329,487.94 -335,676.69 -331,095.69 311,253.32 -311,213.32 -320,579.11 320,639.55 -320,419.55 -313,174.67 -249,267.05 -249,277.05 -249,317.05 -249,431.38 -518,059.44 511,348.19 -512,254.28 511,994.28 -512,011.55 -512,042.15 Page lof2   MOD RERBRENCE  107,019.54 CREDIT 20.15 675,457.24 45.00 72.26 2,519.75 20,773.20 6,097.95 85.80 50.00 10.00 3,252.24 87,200.88 83,030.16 86,726.69 63.00 72.26 2,561.64 1,058.96 6,188.75 9,365.79 60.44 10.00 40.00 114.33 268,628.06 906.09 17.27 30.60  JE#or VOUCHER# CHECK# 3482 3483 3484 3485 3486 3487 3489 3491 3492 3493 3494 3495 3496 3490 3500 3499 3502 3503 3501 3497 3506 3505 3507 3498 3513 3512 3508 3509 3510 3511 3514" 3515 3516 3517 3519 3520  DEBIT 8,777.86 7,013.88 37,950.89  BALANCEI FORWARD  Constant Contact  800.00 6,922.20 270,513.67 9,303.84 404,319.08 220.00 1,144.34 489.68 87,200.88 50,945.89 42,610.78 63.00  19,842.37 4,581.00 40.00 220.00 7,244.88 63,907.62  Manager's] Luncheon Sweep NCLMI Meeting  6,711.25 260.00  04/04/2023 9:41:33AM    TOWN OF BERMUDARUN DETAILACCOUNT: INQUIRY BY FUND PERIOD: 03/01/2023 TO 03/31/2023  FY2022-2023 DATE  10-10-00-005 BOTO- Checking 03/29/2023 FL Sweep 03/29/2023 FL Sweep 03/31/2023 FL Sweep 03/31/2023 FL 03/31/2023 FL Flex Pay 03/31/2023 FL 03/31/2023 FL Orbit] Retirement 03/31/2023 FL Payroll Liabilities  MOD REFERENCE  (continued from previous page)  B#OrVOUCHER CHECK# 3518 3521 3522 3524 3525 3526 3527 3528  DEBIT 11,647.34 18,127.03 84,958.59  CREDIT 45.00 86.90 1,053.86 5,091.17 7,612.99 2,788.67 1,271,137.10  BALANCE 500,394.81 -482,267.78 -397,309.19 -397,354.19 -397,441.09 -398,494.95 -403,586.12 -411,199.11 -413,987.78  Constant Contact Prudential Retirement  03/31/2023 AP DETAIL/SUMMARY CHECK POSTING  SUBTOTALS FOR. ACCOUNT 10-10-00-005:  1,145,816.07 1,145,816.07 1,271,137.10  0-*  14000-00+ 250:000-00- 164:987-78-  DRobertson -Detailccoumtinguiy  04/04/2023 9:41:33AM  Page 2 of2